Context
The FCA has published a Final Notice in respect of the Dental Insurance Partnership Ltd, cancelling the firm’s Part 4A permission to carry on regulated activities.
Key points to note and next actions
The reasons for the cancellation are that it appears to the FCA that the firm is failing to satisfy the Suitability Threshold Condition in that the firm is not a fit and proper person to conduct regulated activities, having regard to all the circumstances. Specifically, the firm failed to pay overdue regulatory fees and levies owed to the FCA despite repeated requests.
The cancellation has been imposed in order to advance the FCA’s consumer protection and integrity objectives.